brunnar í bretska partinum av Hvíta økinum, sum bretski oljumálaráðharrin umrøður sum ?an area which has world class potential for significiant petroleum discoveries?, tvs. eitt øki, hvørs møguleikar at gera
-This is a great result. We?re delighted that the Faroese Partnership?s first well in the Faroes has been succesful and we look forward to following up on this succes with our drilling programme next
West Navion has been employed by several oil companies since delivery in Feburary 2000 and has experience from some of the most sensitive and harsh environment areas in the world. The vessel has worked in [...] complies with the strictest regulations concerning the natural environment and extensive emphasis has been made on reducing discharge of materials into the environment. West Navion belongs to the new [...] is expected to increase the drilling efficiency compared to conventional drilling rigs. West Navion has a hydraulicly driven drilling equipment and employs sophisticated computer operated control technology
Newfoundland has a much smaller economy than Norway. In population terms it is one tenth of the size, and in GDP terms even smaller. Accordingly, a relatively small scale of activity has had a large relative [...] contrast developments in Newfoundland and Shetland. Much has been achieved in the latter, including the way in which an innovative legislative initiative has resulted in significant government revenues, permitting [...] more Faroese companies following the lead of Atlantic Petroleum, Atlantic Airways and others. This has seen initial work in Faroese waters, but already such companies are beginning to look for opportunities
the companies has saved money by avoiding having to set up an organisation in Denmark themselves just to drill one or two wells.« Another reason for the savings is that the drilling team has been able to [...] President Terje Edvardsen from DONG. Together with the other companies in The Faroes Partnership, DONG has therefore had close cooperation and fruitful dialogue for many years with Faroese industry, the Faroese [...] industry on the Faroe Islands,« says Jan Terje Edvardsen. Knowledge concerning the Faroese subsoil DONG has had activities on the Faroe Islands since 1995, when the company, in cooperation with the Faroese
the companies has saved money by avoiding having to set up an organisation in Denmark themselves just to drill one or two wells.« Another reason for the savings is that the drilling team has been able to [...] President Terje Edvardsen from DONG. Together with the other companies in The Faroes Partnership, DONG has therefore had close cooperation and fruitful dialogue for many years with Faroese industry, the Faroese [...] industry on the Faroe Islands,« says Jan Terje Edvardsen. Knowledge concerning the Faroese subsoil DONG has had activities on the Faroe Islands since 1995, when the company, in cooperation with the Faroese
company has the right to increase its holding to 22% before drilling starts next summer, armed with fresh 3D seismic survey data and information gleaned from this year?s pioneer wells. However, it has been [...] Hess. All three wells were drilled in the Judd Basin, which is a proven hydrocarbon province that has so far delivered the UK sector commercial discoveries Foinaven and Schiehallion. Statoil?s Longan well [...] existence of a potentially viable petroleum system beneath at least part of the basalt rock layer that has made assessing the Faroese sector so difficult It is common for traces of hydrocarbons to be found
seismic studies have had limited success, and this has discouraged oil companies from exploring the area more fully. However, Professor Ziolkowski has pointed out that, although basalt is relatively »opaque« [...] the context is somewhat different, Professor Anton Ziolkowski of Edinburgh University in Scotland has recently suggested that the fact that low frequency sound can penetrate barriers more easily than high
but that has long since gone. The discovery of oil led to the development of the modern international airport and bustling heliport, the busiest in Europe, which Aberdeen now boasts. Aberdeen has changed [...] to waste a second opportunity. The second boom, albeit less dramatic, has arrived, the promises have been kept and great care has been taken this time to try to avoid any more boom to burst scenarios. [...] recommendations in 1990 the industry had spent £1 billion on safety improvements. It has been estimated a further £4 billion has been spent on safety improvements since then. UK offshore safety standards are
time display is man made - and serves as a powerful symbol of the impact oil has had on the Orkney Islands. A huge orange flame has blazed above the Flotta Oil terminal for almost a quarter of a century now [...] and gas away from Flotta. But Orkney Islands Council, which has generated huge cash reserves in oil-linked income, estimates that Flotta has contributed »several hundred million pounds« to the local economy [...] Councillor Halcro-Johnston thinks that goal has largely been achieved, often through the injection of some of those reserves into economic development projects. »The work has almost been done,« he said. »There
